Communications Minister Nazmul Huda formally inaugurated the show.

A total of 60 leading vehicle distributors and dealers along with banks, insurance companies, lubricants companies and automotive component manufacturers and importers from home and abroad are showcasing their products and services at the show at about 250 stalls.

Renowned brand car, bus, truck, motorcycle, auto parts, garage equipment, CNG (compressed natural gas) conversation tools, and lubricants are on display at the show.

Among others, local distributors of Mercedes-Benz, BMW, Mitsubishi, Nissan, and Subaru cars are showcasing their latest cars at the fair.

Conference and Exhibition Management Services Ltd (CEMS), a local event management company, is organising the fair. Standard Chartered Bank is the partner of the auto show while Lucas, Castrol and Dunlop are the co-sponsors.

Matsushiro Horiguchi, Japanese ambassador to Dhaka, Deepak Adhikary, general manager of International Finance Corporation (IFC), World Bank Group, Mashiul Huq Chowdhury, head of secured and SME of Standard Chartered Bank, Niaz Rahim, director of Rahimafrooz Group, and Meherun N Islam, managing director of CEMS, spoke at the inaugural session.

Speaking at the function, the communications minister said Bangladesh has tremendous potential to develop automobile sector.

He urged entrepreneurs to invest in the country's auto industry. He also asked local auto-parts makers to produce more products locally.

Japanese ambassador said with 6 percent growth Bangladesh has tremendous potential to develop automobile sector.

Meherun N Islam said, "We have ensured the participation of local autoparts manufacturers in the fair so that they can interact with international buyers."

Gulf Air, Bangladesh Motor Sports, F1 Management, SouthAsia Enterprise Development Facility (SEDF) are the associate partners of the show while Banglalink is the telecoms partner. The Daily Star and Ntv are the media partners.